Japan Monetary Base (YoY) dipped from previous -11.3% to -12.2% in May | FXStreet

Gold price started a downside correction from $5,115. WTI Crude oil is now attempting to recover after sliding toward $61.80. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today · Gold price climbed higher toward the $5,120 zone before there was a sharp decline against the US Dollar. · A key bearish trend…

Key takeaways Gold positioning for breakout: After rebounding ~18% from March lows, gold is consolidating below the $4,900 resistance (near the 50-day MA), with technicals suggesting a potential bullish breakout if this level is cleared. Macro tailwinds improving: Rising odds of Fed rate cuts, a weakening US dollar, and declining US real yields are reducing…

The recent Israeli strike on Iranian nuclear facilities has triggered a surge in oil prices, providing a catalyst for a rebound in the previously undervalued US dollar. The energy price shock generally weakens the euro and provides the Federal Reserve with justification for a cautious approach. We anticipate further short-term decline for EUR/USD. USD: Geopolitical…

The UK and the EU are exploring the prospect of new talks on closer defence cooperation, as Keir Starmer stressed on Friday that he wanted to “go further” in the UK’s relationship with Brussels. Maroš Šefčovič, the EU’s trade commissioner, is due in London for talks next week, with trade, energy and fisheries on the…